An actual recession was never in the cards as long as unemployment was 3.xx%. Recent layoffs in tech might boost that up, but let's not forget that 5% is (or was at least) considered full employment.
An actual recession was never in the cards as long as unemployment was 3.xx%. Recent layoffs in tech might boost that up, but let's not forget that 5% is (or was at least) considered full employment.
the correct trade has been, for a year, to sell tech and EM and buy short term bonds and value.
now that inflation and interest rates have probably peaked, do we shift back to EM and tech?
this is tough. I'll probably keep my value bent. Not sure about EM. A weaker dollar will help those stocks and lord knows they have been pummeled beyond recognition. Which is usually a good time to buy if you have patience. But man they have stunk.
DEspite my top 3 stocks being up 2.37%, 5.8% and 6.6% and all my smaller stocks being up from 2.8% to over 11%, my biggest non fixed income ETF is down 11% and I am having by far my worse day this year.
Down $20k,
Over 2/3rds of the gain I made over a few months betting against NASDAQ has been wiped out.
Of course they fell 2% yesterday, but still. A good inflation number is key to continuing this rally.
More like 3% plus (4% plus on NASDAQ).
7.7% inflation is a "good" number.
The system is insane
LOL. 7.7% inflation and AGIP is popping the bubbly! When Trump left office inflation was at 1.7%. The good old days ....remember those? When food prices were not at all time highs? When gas was dirt cheap. When the country was united.
LOL. 7.7% inflation and AGIP is popping the bubbly! When Trump left office inflation was at 1.7%. The good old days ....remember those? When food prices were not at all time highs? When gas was dirt cheap. When the country was united.
when the country was united under Trump. Yes, good times.
LOL. 7.7% inflation and AGIP is popping the bubbly! When Trump left office inflation was at 1.7%. The good old days ....remember those? When food prices were not at all time highs? When gas was dirt cheap. When the country was united.